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Americans plan robust spending this holiday season, but worry about inflation, supply bottlenecks

Consumers on the King of Prussia mall in King of Prussia, Pennsylvania, on Saturday, Dec. 4, 2021. Hannah Beier | Bloomberg | Getty Pictures People plan to spend with gusto this vacation season regardless of considerations in regards to the economic system and inflation and worries that offer bottlenecks may delay the arrival of their […]

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IMF could cut forecasts for the euro area, Kristalina Georgieva says

BRUSSELS — The International Monetary Fund could be about to cut growth forecasts for the euro area as concerns over the omicron Covid variant and persistently higher inflation grow. In October, the Fund stated that it expects growth of 4.3% for the euro area economy in 2022. Now the Fund has made a warning about […]

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S&P 500 futures gain slightly despite recent tech stock selling, bitcoin’s weekend rout

S&P 500 futures were higher even after a losing week on Wall StreetInvestors retreated from equities due to concerns about the Federal Reserve’s new omicron Covid variation and its move towards tightening policy. The Nasdaq stock market futures performed poorly on Sunday, following a large drop in bitcoin during the weekend. Investors continued to reconsider […]

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Biden focuses on unemployment rate

Joe Biden (US President) speaks from the State Dining Room in Washington DC about November Jobs Report on December 3, 20,21. Getty Images| AFP | Getty Images WASHINGTON — President Joe Biden glossed over the weak November jobs report Friday, instead focusing on the low unemployment rate and the yearlong trend of growth and economic […]

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IMF urges Fed to speed up policy tightening amid rising inflation risk

Jerome Powell, Federal Reserve Chair, testifies at a hearing of the U.S. House Oversight and Reform Select Subcommittee on coronavirus crises, held on Capitol Hill, Washington, June 22, 2021. Reuters| Pool | Reuters The U.S. Federal ReserveThe International Monetary Fund stated Friday that the International Monetary Fund recommended tightening monetary policy faster to address rising […]

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Treasury yields rise amid omicron, Fed taper concerns

U.S. Treasury Yields rose on Wednesday morning due to investor worries about the Omicron variant and Federal Reserve’s potential plans for tapering faster than they expected. Refer to the benchmark yield 10-year Treasury noteAt 4:05 a.m., it rose 6 basis points to 1.5005% ET. ET. 30-year Treasury bondTo increase the yield to 1.8362%, I added […]

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Stock futures rise ahead of first trading day of December

U.S. stocks futures rose on Tuesday in overnight trading after Wall Street’s sell-off. This was due to fears over the Covid new variant, omicron and the Federal Reserve considering a faster-than-planned taper. Dow futures gained 60 points. S&P 500 futures gained 0.4% and Nasdaq 100 futures rose 0.5%. The Dow Jones Industrial Average has had […]

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Inflation euro zone November 2021

An entry sign displaying only the “2G” designation, which in German refers to people who are either fully vaccinated for or have recovered from coronavirus. Getty Images News – Getty Images| Getty Images News | Getty Images Preliminary data on Tuesday showed that the euro area’s inflation rate rose to an all-time high of 1.9 […]

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European markets optimistic that omicron variant won’t derail recovery

LONDON — European stocks are expected to open higher on Tuesday amid cautious optimism that the omicron Covid variant might not derail the global economic recovery, as initially feared. United Kingdom’s FTSEindex opens at 7.148 points, Germany’s highest point. Index is 31 points higher. DAX 71 points higher at 15,348, France’s CAC 40 up 23 points […]

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Inflation is raising costs for the 12 days of Christmas

Getty Images| Image Source | Getty Images The inflation of Christmas gift prices is increasing because it’s a time when true love has been found. It Christmas Price IndexIt will increase 5.7% by 2021 relative its 2019 pre-pandemic levels, the highest percentage in eight years according to an annual calculation released annually by PNC (a […]